BTC's Bull Run Continues: Eyes on this Intraday Long Setup

The Current Vibe on BTC

Alright team, Archer here, checking in from Perth. Bitcoin's been on a proper tear lately, still holding that bullish trend strong. We're currently sitting around 78860, after a solid 1.705% jump in the last 24 hours. That's some decent momentum, and you can feel the positive sentiment out there. We've seen the day range between 77282.8 and 80437.2, and it's been mostly pushing towards the top end, which is always a good sign. It's not all clear skies though, we've got some immediate resistance around 78900 and 78950 that it needs to chew through.

My Intraday Game Plan

Even with the current price at 78860, I'm waiting for a little dip to get in on this one. My entry for an intraday long is set at 78103. I like that level as a potential retest zone – gives us a bit of a discount before the next leg up. We've got pretty decent support levels chilling around 78800 and 78750, so even if it pulls back a bit deeper, those should offer some cushioning. This is a classic setup right here, waiting for that pullback to a key level.

Managing the Risk